10 Advantages of VA loans

Department of Veterans AffairsSince the Department of Veterans Affairs first rolled out the VA housing loan program as part of the Original GI Bill, 20 million veterans have taken advantage of it to secure a mortgage. Although the financial backgrounds of the men and women who use the loan are varied, many borrowers would not have…

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Top 10 Reasons: Why You Should Buy a Home Now

buying a home, first time buyersOften called the cornerstone of the American Dream, home ownership has always been an important milestone of adulthood. The recession of 2008 resulted in a record number of foreclosures. Three million Americans foreclosed upon their home in 2008, an 81 percent increase from the previous year and a 225 percent increase from…

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11 Tips For Your DOD Move

11 dod moving tips for home buyers

Yearly, 700 active duty military members receive Permanent Change of Station Orders. Reassignment frequently occurs, on average every two to four years. Sudden relocation causes stress and anxiety, uprooting yourself, and potentially your entire family is an ordeal for many. Aside from the emotional burden of the move is the financial implications of a PCS….

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Are Closing Costs Required?

closing cost required?With a net worth below $7,000 on average, the typical VA (or any) borrower relishes any opportunity to cut down on the fees and expenses associated with purchasing a home. Closing costs are, unfortunately, intertwined with home buying. The income of mortgage professionals is supplemented through closing costs. The ugly truth is that most loans that promise limited or altogether…

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Benefits of A VA Home Loan

good benefits of va loansThe benefits of a VA home loan are many. Since the establishment of the loan program as part of the Original GI Bill, 18 million Americans have been able to attain the virtue of home ownership. Without this program, the vast majority of these homeowners would not have been able to qualify…

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$0 Down VA Loans

Is A Down Payment Required For A VA Loan?

0 down va loanTraditional home loans on average require a down payment of 20 percent of the total loan amount, as stated by Ellie Mae, the mortgage provider software. According to the Mortgage Bankers Association, this down payment represents a sum of $48,179 for the average American. The VA loan…

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How To Buy A VA Loan Foreclosure

Purchasing a foreclosure is a really good real estate investment. The current economic climate precursor called the “Great Recession” has been (and still is being) experienced throughout the United States.

The downturn resulted in many job losses and financial hardship. To compound the fact, many home loans were adjustable loans wherein the loan payments would suddenly and unexpectedly increase. The culmination was and is that many hardworking people are not able to…

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Rent vs Own Calculator

What are the financial advantages to renting as compared to owning?

This tool will compare the cost and savings of renting as compared to owning.

The tool will determine your tax savings (based on the homeowner interest tax deduction).

To use this calculator:
1. Enter your monthly rent.
2. Enter “0” for down payment.
3. Enter your interest rate. For VA rate info click here.
4. Enter $0 for closing costs if you expect the seller to pay.

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Home Warranties for Buyers and Sellers

The seller or the buyer can purchase a home warranty, and this is usually paid for at closing time. Home warranties cover repair or replacement for appliances or other things associated with the home. Each warranty is specific to the home it covers. If you’re looking at new home construction, most builders are required to provide at minimum a one year builder’s warranty. This is in case of problems that can…

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VA Home Loan Centers Closing Cost Credit

va home closing cost creditIn order to make your VA transaction a true “no money down and no closing cost transaction” you must request credits for closing costs. These credits usually come from the seller, lender, VA, IRS, FTB or real estate agent.

In a standard VA finance transaction, the VA borrower may not pay certain closing costs. These costs are known as…

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Is it Okay to Make Multiple Purchase Offers?

Buyers who are purchasing properties less than $300,000 sometimes have trouble getting their offers accepted. Mostly because the buyers are getting beat out by the cash buyers. Is this a good reason to make multiple offers on multiple properties?

It may seem like a good idea but there are so many drawbacks to making multiple purchase offers.

Multiple Purchase Offers Could Result in Multiple Acceptances

If multiple offers are accepted then this could…

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Top 7 Reasons – Why You Should Get a Real Estate Agent

There is so much information available on the internet regarding real estate, so why should a buyer hire a real estate agent? What’s the point when you seem to have the answers to any question with just a click? Here are 7 reasons why you might want to consider hiring a real estate agent.

va real estate, va home loans1. Hiring a…

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What is Consideration (Earnest Money Deposit or Good Faith Deposit)?

Consideration is a legal concept meaning something of value that is given in exchange for a performance or a promise to perform.

Also known as a good faith deposit, a binder or EMD. A fee that is usually a fixed amount that’s standard in the community where you’re buying.

According to Common Law, for a contract to be valid, there is a need…

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Obtain a Loan Pre-Approval instead of a Pre-Qualification

Before you begin house hunting, the first essential step would be to apply for a home loan. Applying for a loan will help you understand how much you qualify for which will save you loads of time by looking at the right priced homes. Once you’ve started this step you may routinely hear the terms “loan pre-qualification” and “loan pre-approval”. If you are in the market for a new home loan…

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Apply For Va Home Loan Assistance

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